Commerce

Petrol crisis looms as Oil Tankers Association announce strike

KARACHI (Sarzameen News)- The Oil Tankers Association declared a strike on Monday in an attempt to force the government to cede to their demands, sparking fears of a petrol crisis across the country. The demands made by the Oil Tankers Association include increasing the transportation fare. They also demanded a ban on oil tankers that transport oil

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Motorcycle production rises 34.81pc in two months

ISLAMABAD (Sarzameen News)- The motorcycles production in the country witnessed a sharp increase of 34.81 per cent during first two months (July-August) of the year 2017-18 as compared to same period of last year. The motorbikes production jumped to 324,824 units in July- August (2017-18) from the production of 240,937 units in same period of last year,

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Faysal Bank Pakistan’s first commercial bank to launch virtual card

ISLAMABAD (Sarzameen News)- Faysal Bank Limited (FBL), one of the leading banks in Pakistan, has become the first commercial bank to launch a virtual card in the country. Faysal Bank’s “Mobit Virtual Card” is a digital card that will allow secure e-Commerce purchases to meet the upcoming online payment needs even if you do not have any

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Byco’s Floating Terminal imports 5 million tons of crude oil

ISLAMABAD (Sarzameen News)- Byco Petroleum’s Single Point Mooring has imported 5 million tons of crude oil since its inception, a press release issued on Wednesday said. It has been in continuous operation since 2012 including the severe monsoon season from June through September, which was previously considered impossible for the area. Byco’s SPM is Pakistan’s only floating terminal

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ADB increases country exposure limit for private sector operations in Pakistan

ISLAMABAD (Sarzameen News)- Asian Development Bank (ADB) Executive Director, Mr. Sami Saeed on Tuesday called on Finance Minister Senator Mohammad Ishaq Dar at the Ministry of Finance and discussed matters related to ADB’s various projects and programmes in Pakistan. The Minister was informed that due to the improved credit ratings of Pakistan and the economic reforms carried out by

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FPCCI rejects ban on construction of high-rises in Karachi

KARACHI (Sarzameen News)- President, Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Zubair Tufail and business community leader S. M. Muneer, expressing their displeasure over ban on construction of high-rise and multi-story buildings in Karachi due to inefficiency of Karachi Water and Sewerage Board (KW&SB), have said demanded to lift this ban as soon as

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Finance Division directed to work with WB to ensure correct economic reporting

ISLAMABAD (Sarzameen News)- Finance Minister, Senator Muhamamd Ishaq Dar has directed the Finance Division to proactively work with the World Bank (WB) to ensure correct reporting of economic data. Chairing a meeting at the Ministry of Finance, the Finance Ministry also directed to ensure timely and effective implementation of the various ongoing initiatives of the Ministry. The

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Steps for recovery of cotton economy urged

ISLAMABAD (Sarzameen News)- President Pakistan Businessmen and Intellectuals Forum (PBIF), President AKIA, Senior Vice Chairman of the Businessmen Panel of FPCCI and former provincial minister Mian Zahid Hussain on Friday said the cotton economy should take centre stage in the efforts of the government to revive the economy. The issues of all the stakeholders from growers to

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Total PARCO inaugurates 500th new design petrol pump

ISLAMABAD (Sarzameen News)- TOTAL PARCO PAKISTAN LIMITED (TPPL) proudly unveiled its 500th “New image” retail station on Expressway – Islamabad, at a ceremony held on the premises of TOTAL PARCO Gold Flower Filling Station. The new-look, ultra-modern design, petrol station promises a warm welcome, highest level of service and easy access to the broad range of TOTAL

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PTCL posts profit of Rs. 6.5 billion for the first nine months of 2017

ISLAMABAD (Sarzameen News)- PTCL has announced the financial results for the nine months’ period ended Sept 30, 2017 in its Board of Directors’ meeting held in Islamabad on October 11, 2017. PTCL earned Rs. 52.8 billion revenue during first nine months of 2017. PTCL’s flagship Fixed Broadband service has started to grow at an accelerated rate, posting a revenue

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